HEART OF AMERICA FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$21,540,338
Cash & Equivalents
87%
Inventories
8%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$15,265,695
Other Liabilities
94%
Payables & Accruals
6%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$17,394,391
$18,762,164
+8%
Receivables (Non-Related)
$701,461
$821,617
+17%
Related-Party Receivables
-
-
-
Inventories
$1,387,193
$1,617,649
+17%
Prepaid Expenses
$250,231
$197,297
-21%
Investments
-
-
-
Property, Plant, & Equipment (net)
$5,746
$22,402
+290%
Other Assets
$119,862
$119,209
-1%
Total Assets
$19,858,884
$21,540,338
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$559,898
$946,065
+69%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$13,533,615
$14,319,630
+6%
Total Liabilities
$14,093,513
$15,265,695
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$1,270,876
$966,673
-24%
Unrestricted Net Assets
$4,494,495
$5,307,970
+18%
Net assets
2023
2024
Change
Net assets
+$5,765,371
+$6,274,643
+9%
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